Premium only plan definition
Premium only plan means the vehicle through which a participant pays his or her share of benefit costs by reducing his or her salary and using pre-tax dollars.
Premium only plan means the vehicle through which a participant may elect to pay his or her share of benefit costs by reducing his or her salary and using pre-tax dollars.
Premium only plan means insurance offered under the Employer’s Insurance Contract(s) selected in the Plan Document for the Participant, Spouse, and Dependents. The Employer may select suitable Insurance Contracts for use in providing health insurance benefits and other insurance benefits. Salary reductions are on a pre-tax basis to pay for certain premiums and not through a Spending Account.
More Definitions of Premium only plan
Premium only plan means the portion of the Plan described in ARTICLEIII, which allows each Participant to pay Qualifying Premium Expenses on a pretaxsalary reduction basis.
Premium only plan means the vehicle through which a participant may elect to pay his share of benefit costs by reducing his salary and using pre-tax dollars.
Premium only plan means the vehicle through which a participant may elect to pay his share of
Premium only plan means the plan of benefits contained in Section 4.1 of this Plan, which provides for the payment of Premium Expenses.